Banking

The latest banking stories from Egypt and across the globe, by the Daily News Egypt banking team, including global insight and commentary on the top issues concerning this sector.
Latest Banking News

NBE reports net profits of EGP 20.2bn in FY 2018/19

The bank’s total finances increased to EGP 1.6trn in June 2019, compared…

Hossam Mounir

Banks tighten COVID-19 precautions following cases detected in some branches

CBE stresses importance of using electronic payment channels to limit virus spread

Hossam Mounir

HDB extends Hassan Ghanem’s tenure as Chairperson, Managing Director for 3 years

Bank's consolidated net after-tax profits reach record high of EGP 2.2bn in…

Hossam Mounir

FEB, CBE launche initiative to support coronavirus affected

Bank donations divided into four segments according to 2019 profits

Hossam Mounir

CBE temporarily regulates cash deposits, withdrawals

CBE sets daily limit for cash deposits, withdrawals in branches of EGP…

Hossam Mounir

Over 5 million beneficiaries for loan installments postponement: CBE

Banks reveal initiative details initiative, microloans in trouble

Daily News Egypt

Expectations of EGP depreciation against US dollar groundless: Expert

Global crises, like the coronavirus outbreak, examine the strength of Egyptian monetary…

Hossam Mounir

EGP 29.4bn in sales of NBE, Banque Misr 15% saving certificates in 5 days

New saving certificates issued by NBE and Banque Misr gain LE 10.7…

Hossam Mounir

CBE includes agricultural, aquaculture production firms in EGP 100bn industry support initiative

Initiative allows access to subsidised loans at declining 8% interest rate

Hossam Mounir

EBI launches remote evaluation services for bank employees

Evaluation covers technical knowledge, English language tests, behavioural assessment, says Nosseir

Hossam Mounir